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than on helping patients stay healthy and get better. and medicare has done a terrible job of that over the years in terms of paying for preventive services has not done that over the years. this is -- it is now december and the way the system is broken is, my busiest time as a surgeon in wyoming is at the end of the year, people who met their deductibles, who have insurance, come into the office and say it's time for my operation, i have to get it done before the first of the year because of my -- my -- my deductible. it has been used up. and i want to have my operation that i'm not going to have to pay for. we have the incentives all wrong, mr. president, in this country in terms of health care. so we do not health care reform. but i don't think this bill is the way to do it, which is a government takeover of the government system in america. mr. baucus: mr. president, i've got to address that one. my colleagues want to speak. i think it's worth repeating over and over and over again. this legislation is designed to retain uniquely american solution to health care, roughly half publi
getting around their homes. there is a medicare benefit that may qualify you for a new power chair or scootert little to no cost to you. stay tuned for this important medicare benefit information and free scooter guarantee. imagine... one scooter or power chair that could improve your may entitle you to pay little to nothing to own it. one company that can make it all happen ... your power chair will be paid in full. the scooter store. why should you call the scooter store today? because their mobility experts are also medicare experts. and that means the scooter store is your best shot at qualifying for a scooter that costs you little to nothing. hi i'm doug harrison. pay little to nothing out of pocket. how do we do it? we know what it takes to get you your power chair it's our strength. it's our mission. and we back it up with the scooter store guarantee. if we qualify you and medicare denies your claim for a new powerchair or scooter, i'll give it to you absolutely free. i paid into medicare all my life, and when i needed it the benefit was there for me. the scooter stor made i
their homes. there is a medicare benefit that may qualify you for a new power chair or scooter at little or no cost to you. imagine... one scooter or power chair that could improve your mobility and your life. one medicare benefit that, with private insurance, may entitle you to pay little to nothing to own it. one company that can make it all happen ... your power chair will be paid in full. the scooter store. hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. in fact, if we qualify you for medicare reimbursement and medicare denies your claim, we'll give you your new power chair or scooter free. i didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >>> with a bic win in massachusetts, senate republican are reassessing chances in the november elections. joining us one the gop senate leaders john cornyn of texas and welcome back to "fox news sunday." >> how will you vote on giving federal reserve chairman ben bernanke a secon
no alternative. medicare is cash negative today. the trustees tellus it will be insolvent in eight years. so security is cash-today, and in your report of the day before yesterday says it will be cashed negative every year except two for the future. you say in your report it will go cash negative and a permanent basis in 2016. anybody that says you did not have to make any changes to those programs, programs i strongly support, and i know i lost my parents when i was young. i got so security that helped me go to college. so i understand its importance in people's lives. i understand the importance of medicare in people's lives. i have seen in my own family. . . @ @ @ ,b number of people who are eligible for these programs, you're going to have to do something on the revenue side as well. so i again welcome you to the committee. and again, thank you for you and your team's extraordinary work your team's extraordinary work during t many months. >> thank you, mr. chairman and senator gregg for your very kind words about our work at cbo. exactly one year today i testified before this committee f
social security and medicare and medicaid, probably the two main things basically bleeding us dry. but basically it is suicide to talk about those two. so we are going to have to go with, i guess, the spending cuts that he suggested. that is basically all i have to say. host: little rock, arkansas. paul on the republican line. caller: the morning, greta. i would like the president to talk about jobs and the economy. and during the campaign he promised to save millions of jobs. also promised to create millions of dollars. since he has been president he has created a huge deficit, sent $100 million to haiti, and there are many people right here in america who are unemployed, people who need jobs, and i feel that he should concentrate on taking care of the american people first. host: that is the headline in "the wall street journal" and "the new york times." it says -- host: new york city, luis, independent line. the trustee secretary will be testifying about what he knew about aig and that will be at 10:00 a.m. eastern time live on c-span3. also testifying as former treasury secret
entitlement programs like social security and medicare would escape any budget cuts. molly henneberg is live for us at the white house, so i guess the question here, molly, what is included and what is excluded in the spending freeze? >> reporter: hi, jon, the president wants to hold spending at 2010 levels through 2013. but it would only apply to nondefense discretionary spending and that means spending for most governments, departments and agencies. about 17% of the total federal budget. so, what -- that is what would be included. what would be excluded includes the following: the cost of the wars in iraq an afghanistan. foreign aid. homeland security and veterans administration. social security. medicare. medicaid. and those last three there alone, social security, medicare, medicaid, make up 59% of all federal spending each year and they would not be touched by the spending freeze. >> how much money do you save if you freeze these discretionary items. >> reporter: the white house says, if you did it for 2011 it would save between 10 and $15 billion and the white house projects, hey if yo
to more commons. for example, with the healthcare, it is medicare and medicaid going bankrupt. if you brought in as the private insurers are able to jury began bring in healthy individuals to medicare -- are able to bring in and cherry pick healthy individuals -- perhaps a sliding scale -- it could bring healthy individuals paying full premiums into medicare to balance out the expenses we have now to pay for 65 and over. as you get older more medical bills. i would be interested to see c- span have some accountant or actuarial come in to run the numbers that exist for the private health insurers and have them make their profits. how to make medicare at a fee. host: banks, we will go at this point because we will have an hour-long later on health care. today concerning the senate, your view, the independent line from anderson, indiana. caller: it is truly disgusting after the display of the health care fiasco you have seen. the conservative an element is tearing up the fabric of democracy. after watching the sonia sotomayor confirmation hearings you have a 99 white guys who question pe
around their homes. there is a medicare benefit that may qualify you for a new power chair or scooter at little or no cost to you. imagine... one scooter or power chair that could improve your mobility and your life. one medicare benefit that, with private insurance, may entitle you to pay little to nothing to own it. one company that can make it all happen ... your power chair will be paid in full. the scooter store. hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. in fact, if we qualify you for medicare reimbursement and medicare denies your claim, we'll give you your new power chair or scooter free. i didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >> gregg: now back to the devastation in haiti. in times of trouble, many of us turn to god. we do so obviously in haiti as well, but as you probably know, voodoo is also big in haiti and in the mist of this, many are clinging to the voodoo faith. maim any? >> we found
that passed, there was a massive savings expected in medicare i believe estimated 5 billion over the first few years and $1 trillion over the first 10 years of full implementation and 3 trillion over 20 years of implementation. that was transferred from the medicare savings are used to expand the other activity of the government's, specifically the expansion of medicaid and the new entitlement that was in the bill. if those dollars were used which were saved for medicare to shore up medicare and in some manner manner, in a medicare reserve fund to pay down debt, could you give us a thumbnail estimate how much that might help correct the structural problems that we have? >> i cannot do quantitative acquisition in my head by you're watching is correct that we estimated almost 500 billion in medicare savings over the 10 year projection point*. and over time if they not separately quantify. >> let me combine a question come if you did not use it to expand the government but instead to shore up the medicare system by reducing fed debt wouldn't that have a significant positive the event for medicare
to pay for its medicare expansion and my state didn't? james q. wilson also wrote in his essay that respect for the law of unintended consequences is -- quote -- "not an argument for doing nothing but it is one," mr. wilson said," for doing things experimentally. try your idea out in one place and see what happens before you inflict it on the whole country," he suggests. well, if you'll examine the "congressional record," you'll find that republican senators have been following mr. wilson's advice, proposing a step-by-step approach to confronting our nation's challenging -- challenges 173 different times during 2009. may i say that again. republican senators during 2009 173 different times on the floor of the senate have proposed a step-by-step approach toward health care and other of our nation's challenges. on health care, for example, we first suggested setting a clear goal. that is, reducing costs. then we proposed the first six steps toward achieving that goal. number one, allowing small businesses to pool their resources to purchase health plans. number two, reducing junk
, what are entitlements? medicare, social security, veterans benefits, things that cannot be controlled that if you're entitled to them, you get them. and you look at interest on the debt is what -- is 5%. if you look at discretionary defense, it's 18%. and if you look at everything else the federal government does that everybody talks about: education, agriculture, justice, education, the 22 departments in homeland security, it is just 16% of what is spent. so if you add together the 50% and the 5% of interest, you see 55% of everything the federal government spends this year cannot -- cannot be controlled. you have to spend it. and so all the rest that's discretionary is rather small in comparison. if you project that out ten years -- and i must tell you, new numbers are coming out tomorrow, so this is the latest number that i have -- entitlements go up to 56% and interest on the debt to 14%. so that is 70% of everything that is spent in the year 2019 if things are projected forward cannot be controlled. discretionary defense is 16% and nondiscretionary -- again, everything else -- 14
, a solid rehabilitation facility operator in spite of the massive medicare exposure, becau exposure. and you know what? we were right. we were dead right. we caught the big move up in health care. so what do you do when you didn't really like the stocks? you ring the register. you ring the register on your least favorite names on the group and you focus on some of the others that you actually liked with or without health care reform. and that's the subject of tonight's sell block. i'm telling you you have to take profits in humana, in u & h, despite that good quarter yesterday, and rehab care. and i'm going to tell you why. the main reason to sell these stocks, simply that the easy money has been made. and it is time to stop being greedy. okay? ring the register. if you bought these stocks, you have enormous gains, u & h up 103%. rehab care up 141%. and it's up 12% since we recommended it on november 19th. technically we're not putting these three stocks on the sell block, they don't deserve that. we're simply saying that when you hold your nose and buy merchandise betting it's pric
have been superior. just have medicare for all which would be most simple. the bill you could probably write on one page. gn afraid of blowing up the system. so the catch-22 is in order not to blow up the system you create a con structure that - well, 85 percent of them have healthcare now which they're reasonably satisfied with. >> that's the problem. same way if you came to me and said are you happy with the fire insurance on your house? >> i don't have a fire. i don't know. >> right. so your satisfied. >> the elderly are most apposed to this and they're actually the ones that have used it a most. >> but that's - who covers the elderly byron? >> medicare. >> yes! >> they all have supplemental. >> but the reason, what weaver seen with the remarkable dynamic is that the people that have government healthcare, the elderly are most concerned about the reform precise because they're happy. >> because the president proposed to cut 1/2 billion dollars. it was the only way he could pay for example tending the coverage to people that don't want it. >> and individualism and freedom
't want premiums to go up, taxes go up, they didn't want us to take money from medicare to create a entitlement program and were scared about the spending and debt in washington. if the what you say and democrats didn't get the message they missed the point of what happened in massachusetts. >> on the other hand you just heard robert gibbs site a pole that indicates that they want scott brown to come in and work with democrats and they're not -- they want some healthcare bill, just not the one being passed. there are some positives there, so what about his argument that in fact there isn't in complete rejection of the obama agenda. >> i think so the message that scott brown effectively gave in massachusetts -- by the way, he's entitled to the lion's share of the credit with the right message at the right time but the message was not let's tweak this around the edges. it's about starting over. if that's what the white house wants to do, there are a lot of republicans that would like to work with them to do things that bring down the cost of healthcare and will make it more affordab
't want us to take money from medicare to create a entitlement program and were scared about the spending and debt in washington. if the what you say and democrats didn't get the message they missed the point of what happened in massachusetts. >> on the other hand you just heard robert gibbs site a pole that indicates that they want scott brown to come in and work with democrats and they're not -- they want some healthcare bill, just not the one being passed. there are some positives there, so what about his argument that in fact there isn't in complete rejection of the obama agenda. >> i think so the message that scott brown effectively gave in massachusetts -- by the way, he's entitled to the lion's share of the credit with the right message at the right time but the message was not let's tweak this around the edges. it's about starting over. if that's what the white house wants to do, there are a lot of republicans that would like to work with them to do things that bring down the cost of healthcare and will make it more affordable. >> let me ask you about healthcare. if democrats and
the premiums go up. they didn't want to see taxes go up. they didn't want to see us taking money from medicare to create yet another entitlement program and they were scared about the endless spending and debt they've seen coming out of washington last year. if the white house and the democrats didn't get that message, then i think they really missed the point of what happened in massachusetts. >> chris: on the other hand, you just heard robert gibbs, he cites a poll from the "washington post" that indicates that they want scott brown to come in and work with democrats, that they're not -- they want some healthcare bill, just not the healthcare bill that's being passed. you know, there are some positives there. so what about his argument that in fact there isn't this complete rejection of the obama agenda? >> i think the message that scott brown so effectively gave in massachusetts -- and by the way, he's entitled to the lion's share of the credit. he was a fantastic candidate with exactly the right message at exactly the right time. but the message was not let's tweak this thing around the ed
this proposed 1% medicare payroll tax hike to fund the obama health care plan by including investments, like capital gains and dividends rather than simply wages. now, the wage hike's bad enough. obama care is bad enough. but applying this to investment simply raises the cost of capital, lowers the return on risk taking, and damages prospects for economic recovery growth. what is team obama thinking. the new year tax attack. i've never seen anything so dumb. i'm not surprised stocks sold off today, especially the bank stocks. and i've got to tell you, if these tax hikes actually get through the congress and the white house in the weeks ahead, the stock market is going to sag, no matter how good fourth-quarter profits come in. you cannot tax your way to prosperity. did i say dumb policy? that is my take. extremely dumb policy. now, i want to get some reaction on this point from our guests. we have ssht director for tax and budget policy at the center for american progress, michael lyndon. we also have the "wall street journal's" steve moore. michael lyndon, because i believe in fairness and o
mobility and your life. one medicare benefit that, with private insurance, may entitle you to pay little to nothing to own it. one company that can make it all happen... your power chair will be paid in full. the scooter store. hi i'm dan weston. we're experts at getting you the scooter or power chair you need. in fact, if we pre-qualify you for medicare reimbursement and medicare denies your claim, we'll give you your new power chair or scooter free. i didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. call the number on your screen for free information. >>> $862 billion is a whole lot of money. but someone has to file that sum of cash allotted for the stimulus. appointed by president obama to keep those doling out the money honest. and until mr. duvaney has declined an interview. >> reporter: an early morning car pool with his wife arriving at a building just steps from the white house, probably not what you'd expect from the man in charge of overseeing $862
the country. so whether you work for yourself, you're employed, retired, or medicare-eligible, call now for free information. and get what you need to make health care decisions... that work for you. you don't even have to be an aarp member to call. all you have to do is be yourself. and, if you have any questions about medicare, call today and get your free copy of "medicare made clear," by unitedhealth educational publishing group. it will help you better understand all your choices. so don't wait. call today for your free guide. so, what do you think? preferred package. good choice. only meineke lets you choose your service, choose your savings. like an oil change for just $19.95. meineke. >>> we want to get back to our breaking news story. yeah, i suppose at this point it is a developing story that we're closely following and we're talking about the port in morehead city, north carolina, being evacuated now. nine containers of a highly explosive material, you're totally familiar with it at this point, petn, those containers accidentally punctured. the mayor is on the phone with us.
say that. i would just tell them if we do nothing, the medicare trust fund would be exhausted in seven years. the plan we have before the senate would extend the life of medicare for nine more years. if we do nothing, there will be 57 million americans uninsured instead of 47 million in just a few years and the cost of the average health insurance plan for the average family of four will double in the next ten years if we do nothing. that's why we think this is a serious issue. >> schieffer: i don't think anybody would argue that it is not a serious issue, senator durbin. let me just ask you this. what senator mccain said. he said he is willing to try to get some republicans to sit down with democrats and see what you agree on. what would be wrong with that just saying here's what out there. we agree with this. we don't agree with that and pass what you agree on. wouldn't that be a start? >> there's nothing wrong with it. but, bob, for the record, president obama met personally with the republican leaders in the house and senate before this began and engaged them and asked them, be par
for this commission is too broad. we can't reform social security or medicare or the tax system or the health care system just one of those things can take years for congress to address. and now we're saying to this commission, hey, let's just do it all at once. and it's not that they're going to form each and every system, but they're going to come up with some painful spending cuts and tax increases that i guarantee you, everybody in congress will dislike. the republicans will dislike the tax hikes and the democrats will dislike the spending cuts. and the supporters of this commission say, and that's its point. because if you just let the regular order of congress take place, we're just going to have partisan food fights all day long, because that's what we have been having. so that's the supporters' biggest argument for this. and they say, look, we're on a time crunch here. you know, the financial crisis has really accelerated our need to deal with this long-term fiscal shortfall. >> well, jean, if you would, stay on this for us. because i at this this is really important work, and whether or n
in the past two tax cuts and medicare prescription drug benefit that were not paid for and the effects of the economic downturn. that is where a deficit comes from. that is why we are making sure we pay for new proposals and working to jump start the economy and get it back on its feet. >> how do you grow jobs at the same time you are cutting spend something. >> again there is a timing issue. in 2010 the primary focus is job growth. 2013 2014, 2015 it is getting the deficit down to make sure we don't imperil job growth and leave enough room for private investment. we have to promote job growth now and look for more efficiencies in the federal government and bring deficits down. >> $150 billion in stimulus working its way through congress. there are critics saying that is throwing good money after bad. because money from the original stimulus hasn't created jobs. >> all credible analysis suggests that the recovery act has spurred economic growth during the second quarter, during the third quarter and into the fourth quarter. created or saved 1.5 million to 2 mi
-span. finally, i believe the way out of this health-care mess is to open up medicare, certainly to page 55, and allow the medicare to cherry pick help the citizens such as myself. i pay $7,000 out of pocket every year. i've only used $700 in health insurance. there would be left over profit that could go to medicare. the must be millions who would not use their health care if medicare would open. we don't have to be in the shark tank with private insurers who would deny claims. host: and then they'll, virginia. on the democrats' line. caller: good morning. i think this is pathetic that c- span is sending letters out. i did not ever remember when c- span ever sent a letter during the bush administration. obama said that, yes. he said from the white house. i remember john mccain, both parties, and all -- every other health institution was there to discuss what was going on. if you see the level of people calling, the intellectualism has drastically dropped. the guests invited over at c- span and his supporters and the people who comment always spew their venomous about partisan shship which
, strengthen medicare for seniors, and stop insurance company abuses, let me know. let me know. let me know. i'm eager to see it. >> president obama last night daring his critics to come to the table with a better plan for health care reform. he wants congress to get it done. and today, house speaker nancy pelosi promised that they would pass a bill by any means necessary. joining me now is ohio congressman and former presidential candidate, dennis kucinich. congressman, good to have you on tonight. . good to be with you. >> your thoughts on a way forward at this point? it looks like there's going to have to be major concessions, even though there is a few issues here, on the senate side or the house side to finally get something going. give us that path. what do you think, dennis? >> well, first of all, my own personal opinion, ed, is that the senate bill is a nonstarter, that we should pay attention to what happened in massachusetts, take a deep breath, take a step back, create millions of jobs, regain the confidence in the american people and then come back with a bill that the president ap
consider... an aarp medicare supplement insurance plan... insured by united healthcare insurance company. it can help cover some of what medicare doesn't... so you could save up to thousands of dollars... in out-of-pocket expenses. call now for this free information kit... and medicare guide. if you're turning 65 or you're already on medicare, you should know about this card; it's the only one of its kind... that carries the aarp name -- see if it's right for you. you choose your doctor. you choose your hospital. there are no networks and no referrals needed. help protect yourself from some of what medicare doesn't cover. save up to thousands of dollars... on potential out-of-pocket expenses... with an aarp medicare supplement insurance plan... insured by united healthcare insurance company. call now for your free information kit... and medicare guide and find out... how you could start saving. >>> rick santelli here. welcome back to "squawk." we have december ism number and it's going to be important. what is it? it is 55.9 on headline, 61.5 on prices paid. now keep in mind if my memory
cost you some money. that's why you should consider... an aarp medicare supplement insurance plan... insured by united healthcare insurance company. it can help cover some of what medicare doesn't... so you could save up to thousands of dollars... in out-of-pocket expenses. call now for this free information kit... and medicare guide. if you're turning 65 or you're already on medicare, you should know about this card; it's the only one of its kind... that carries the aarp name -- see if it's right for you. you choose your doctor. you choose your hospital. there are no networks and no referrals needed. help protect yourself from some of what medicare doesn't cover. save up to thousands of dollars... on potential out-of-pocket expenses... with an aarp medicare supplement insurance plan... insured by united healthcare insurance company. call now for your free information kit... and medicare guide and find out... how you could start saving. >>> markets going to start 2010 on an upnote, futures 60 points above fair value. when we come back, what would the new year be without a joinlt s
taxes and to reduce medicare outlays so that the sandwich that is produced, spending increases and revenue sources, as far as the cbo's rules are concerned that they have to cost out to develop a whole. they tell you what the individual components are, but the headline that comes out is that the legislation as a whole will not add a dime to the national debt indeed will reduce the national debt. but i wonder if anybody really believes that medicare outlays are going to be reduced by $500 billion over the next several years. after all, while getting ready to enact that provision, congress and of course that doesn't start for a few years, congress passed grade now been repealing previous legislation, which would have cut medicare payments to physicians by more than $200 billion. finally there's the issue of increasing health care costs. i think the obama administration and peter or his bag in particular have correctly identified increase in health care costs as a major problem for families, for businesses and for the fiscal viability of medicare. and we know that the key cause of
is essentially a medicare tax that hits individuals who earn more than $200,000 a year and couples earning more than $250,000 a year. it does reflect that principal. we can see the final bill coming out from what's already in the senate version. from those decisions mbings it's the wall street journal that reported he is going to meet with labor leaders on monday. what's the significance of that. labor has been one of the most vocal proponents of the past. getting higher benefits and trading wage increases. they may end up having to be taxed on those benefits or see employers get rid of them. key to reach out labor and try to alleviate concerns. labor is making clear they are going to make a lot of noise about this. >> our guest until 9:15 if you have questions about the current working bill. guest: the public plan and the whole debate over whether the bill should include the public plan and what m many should see as the mechanism about what the public plan could do. a brief description. they get technical. basically in short, this is a mechanism of people buying on the individual market for pe
like social security and medicare. but it was a proposal that both republicans and democrats, i hoped, would like enough to move forward. the spending problem we have, mr. president, is like a cancer, and this chamber refuses to seek any treatment. and while i did not like the proposal completely, i at least supported it because i knew we needed to do something. our spending is out of control. we have a $12 trillion debt. the deficit of last year was was $1.4 trillion, more than the past four years in the bush administration combined. now, i am new to this chamber, so the bizarre still seems bizarre to me, and perhaps the longer you're here, bizarre starts to seem normal. but we cannot spend more than we take in. we cannot continue to amass a debt that our children are going to have to pay for. right now, we have to go borrow money from countries like china because we can no longer raid social security and medicare because those programs now need those dollars to be paid out. but at some point, this country is going to have to pay the piper. at some point, we're going to have to drama
on medicare, who are looking at a medicare trust fund that's going to be insolvent too soon. it's important to our economy as a whole if we're going to be competitive. >> the devil in the details? >> sure. >> is it too expensive as it is now and do you think it has a chance of ending up on his desk? >> well, i voted for the bill that passed out of the senate. it was fully paid for and it helped to reduce our deficit over the next ten years. it's going to be too expensive if we don't address this issue. and, you know, i think we'll know in the coming weeks whether we're going to be able to get a bill through. >> and one of the things the president talked about, time and again -- he really lamb entered the partisan divide in washington. i want to play what jeb bush had to say, senator. >> it's one thing to give a good speech. the other thing is to invite people who don't agree exactly with your point of view to build consensus. if the president chose leadership in that regard, leaders of the republican party and democratic party will have to follow. >> given the current political divide, the
during a recession. it takes half a trillion dollars from medicare and -- to create another entitlement program. i think it is fundamentally flawed. there are things we can agree on -- insurance reform, making insurance more portable, dealing with pre-existing conditions. the focus needs to be on making health care more affordable. this bill made it more expensive. and crew government. -- and grew government. guest: you came out today to say that she will oppose ben bernanke for re-confirmation that the federal reserve. democrats are signaling that they have the votes. do you think that is the case? guest: i think that is a fluid thing. i know there are some democrats who have announced they are opposed to the nomination. the vote in the banking committee was a divided vote. people are digesting what they have been told by the voters in massachusetts and how that taps into the national mood in their own prospects in 2010. i think what the voters have told us this week is that the truck -- they do not want the same old thing. they want a fresh start. there of people will listen. i think
're exploding the size of government, and you should have been the resources we have, medicare cuts, trillions of dollars over 20 years, and using it to expand a brand new entitlement. if you reduce medicare by that much you should make it to make medicare insolvent, $23 trillion of unfunded liability. this concept of what's being done here n the end they can claim, we're giving health care to the main people but the real result is going to be -- government's not going to be affordable. >> colorado voters, they wanted reform. the piece in "the new york times," dying for health care reform, please, please. and then the actual bill itself, no one wants it. >> like "the new york times." >> that's in "the times," too. >> new york started out in the same boat and they changed their mind, leaders in new york city. >> there's a lot of second-guessing in massachusetts right now. >> the senator's going to be with us for the rest of the program. if you've got any comments or questions for him, anything you'd like to see us address on "squawk," go ahead and e-mail us at squawk@cnbc.com. >>> next up, what
medicare to create new programs. we don't need $500 billion in new taxes to reform healthcare. there's a chance for the republican party and democrat party to find common sense solutions. i highway hope we'll meet them . >> the polls suggest that the people believe that the government is still broken and i guess there's a political equation that says for the party out of power that, works well but you don't want them to think that. what can you do to give the perception and get the government working again. >> start with healthcare and see if we induce climate and energy. find way to become energy independent and look at immigration, border security. we tried on social security and failed, we tried on healthcare and failed. we tried on immigration and failed. we're running out of the opportunities as a nation to try hard and fail. we need to solve some problems and i think i've demonstrated the ability to reach across the aisle and meet them halfway. that never happened in healthcare. >> thank you. >> so far most indications are the name of the game tonight is jobs. the but key to re
'll be in washington for that. it's a freeze with big exceptions like social security and medicare. does it sound weird. former ebay boss knows a thing or two about good deals and for taxpayers this isn't a good deal so she's run for governor and has a new book, the power of money, values for success in business and in life. good to see you. >> thanks for having me. >> you can't pick and choose across the board cuts, right? >> i think they have to be across the board. we have an enormous deficit and you have to look at every department and line item to get it back in shame. that's he self-evident. >> neil: a lot of republicans rejected this commission but at least it would have absolved then of onus on the ideas zing the american people want congress to be accountable and the president accountable. >> neil: but they're not. >> we have to find a way for the president and congress to lead on getting costs down at the federal government. the bad news, we have a government we can no longer afford and we better face up and start to figure out how to get it back into line with what we can afford. >> neil: yo
companies, insurance companies in this country, why can we not lower the medicare age. the president and nancy pelosi, harry reid, wire they doing backroom deals? i am not saying that all of the ideas on one side or the other are correct, they are not. but there are incremental things that to be done. if the democrats continue to do backroom deals, how will we ever get anything done? i am optimistic that the president finally got out there on friday. if he can do that, nancy pelosi -- whose family is from maryland -- host: father was the mayor of baltimore. caller: there is no working together. there's a lack of bipartisanship. host: "i am positive that wall street will steal more money from the workers and that obama will do nothing about it. our next caller is calling on the pessimistic line. caller: he sounded very pessimistic recently. there are many, as it was told in massachusetts. 150,000 people were on the rolls. my mother lived in tucson, ariz., and moved to california, now working in nevada. i received an early ballot like my niece, and she voted in nevada. everyone that sa
-term liabilities and 40 trillion of that is social security and medicare. here we're talking about a very small amount. if it you run the numbers for 2011 according to the cbo. we'll have a deficit gdp ratio of 6.53%. with the obama freeze, it will be 6.43%, a 0.1 percentage point. >> let's step in. the obama administration is not saying this is the only fix. clearly the obama administration has laid out other benchmarks. clearly health care reform is supposed to address some of the structural deficit cost. >> sure it will. >> but -- christian -- >> that's what the honest discussion has to be. conservatives have to face the fact that health care reform is one. >> wait, guy. how can anyone take this seriously. i can please speak? how can anyone take this budget freeze seriously with it doesn't, i read, address medicare and social security in any way at all and when today, i believe, the administration's coming out with an $80 billion job program when the stimulus was supposed to create the jobs. christian, how can we take it seriously? ? you're confusing the long run with the short run. in the s
prescription drugs as well. see if you're on medicare, the cost of your diabetes testing supplies as well as your prescription drugs may be covered. liberty takes care of all the paperwork with medicare and sends the prescription forms directly to your doctor for approval. then, on your schedule, packs up this box and sends it right to your door with no charge for shipping. and liberty assures you have everything you need to manage your diabetes, including most brand name meters. call now and we'll send you a free meter. plus, a free cookbook when you join. call liberty. they can help you live a better life. call the number on your screen. ifou choose a sauce based only on the label, you might be missing something. with prego, it's all about the sauce. in a blind taste test, more people preferred prego over bertolli. the sweet and savory taste of prego. it's in there. >>> when it comes to the national debt there appears to be one thing republicans and democrats agree on. neither one wants a task force telling them what to do. >> reject ad bipartisan panel to tacktle federal deficit. luke
security and medicare, that are just steaming along. these are the more politically popular domestic programs. the point of this, when you talk to senior officials, this president wants to get serious about fiscal discipline, he's heard all the criticism about washington spending so much money. we're told that the state of the union address is going to have a lot on fiscal discipline. the president clearly trying to burnish his credentials on that. mixed reaction i'm getting from republicans, some saying they can work with the president on this. others saying it's just a fraction of the federal debt right now and really not going to be enough. the big problem for this president is going to be very senior democrats on the hill don't want their power of the purse taken away. i'm already talking to top democratic aides on the hill saying the president is going to face some real opposition, because there's going to be some really popular programs that liberals will not want to cut. >> stand by. gloria borger is here. do i hear echoes, gloria, of the president saying, in effect, the era o
and nice. they filed all the paperwork, and medicare and my insurance covered the cost. we can work directly with medicare or with your insurance company. we can even help with financing. if there's a way, we'll find it! so don't wait any longer, call the scooter store today. >>> market milestone time. india's constitution turns 60 this year. the country became independent on august 15th, 1947, but it was not until january 26th, 1950, 60 years ago today, that india had a written constitution. over the past year, bombay sensex up 93%. a recent report by price water house says india has the potential to become the world's third largest economy by purchasing power by 2012, overtaking japan. >> well, there are reports president obama intends to propose a three-year freeze in discretionary spending. that accounts for one-sixths of the federal budget. our all-stars talking washington, wall street and your money. rick santelli, john harwood and, of course, erin and mark back at the nyse. mark, let's start with you. it's funny, everything except this, this, this, and this. >> exactly. we he
.65% of wages that go to social security and medicare. that would be capped at $105,000. having that break might encourage some small business owners to actually hire. that's what we want to see in this economy. obviously tax incentives for investing in new equipment and plants. this is something that a lot of administrations have done, pretty typical stuff. eliminating capital gains on small business investments. this is interesting because when you invest in a small business, you expect your returns to be taxed. this would allow you to sell that investment and not pay taxes. it's another incentive to get people investing in their communities, investing in businesses. and then of course we talked about the tax breaks for job creations. so a long list of things for people who want to start a new business. this is probably going to be -- if these go through this would be one of the best years ever to start a small business because you'll get help with hiring, help with buying equipment. you'll be able to write that off faster if these things actually move through congress. keep in mind this has a
, one is we can cut out the medicare wage, democrats have been for that, subsidies for people that aren't insured, and we can begin to get universal insurance, tax breaks for smaller businesses to incentivize them to cover their employees. i think that we also ought to possibly put on the table tort reform for punitive damages in particular, i think that will bring republicans along. trace: maybe those are all good points, juliane, you've done your research and home work and those are good points. the whole problem is getting that together and getting congress to agree on that takes time. we've spent a year. don't we need to focus on one thing, which is jobs, before we even mention health care again? >> yeah, i mean, i go back to your earlier point, it's well into the future before he mentioned the word jobs, and let's look at what the american people want. scott rasmussen came out with new numbers that said that 61 percent of the american people want the president to move off of health care and on to fixing this economy and really get people hired and getting the unemployment rate down
, and medicare and my insurance covered the cost. we can work directly with medicare or with your insurance company. we can even help with financing. if there's a way, we'll find it! so don't wait any longer, call the scooter store today. >> welcome back to "power lunch." earnings central and so far so good for a couple of companies. ? so far, so good and it's more than just about citigroup. we'll take a look at other companies that are bellwethers within their industries beginning with forest labs. the tock is moving up as a lot of pharmaceuticals are today, up by 4%. that company's earnings were up by 86 cents a share and that is a very nice little beat there. key drugs and overall revenues were up 7% for the company and sales of lexa pro, a big antidepressa antidepressant, versus an estimate of 68 million. >> which is interesting because most have not had pricing power and they did. >> they have and curiously, against the incursion of generic anti-depressants wh which have the sales of that drug. sales of an alzheimer's-related drug, 283 million versus 274 million in estimates. let's mov
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